Hon. Econ. Unit 2 Agenda Jan. 24-Feb. 6

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Posted by cliftonj | Posted in Hon. Gov/Econ | Posted on January 18, 2018

Wednesday Jan. 24

LG: Define the law of demand and the law of supply. They will be able to explain the slope of the demand and supply curves using the laws of demand and supply.

  1. PowerPoint notes/videos- money, circular flow

 

Thursday Jan. 25

LG: Define the law of demand and the law of supply. They will be able to explain the slope of the demand and supply curves using the laws of demand and supply. Students will use supply and demand curves to identify and explain the equilibrium price and quantity in a market.

  1. Circular flow demonstration
  2. Quiz over money and circular flow
  3. PowerPoint notes and videos- demand

 

Friday Jan. 26

LG: Differentiate between inelastic demand and elastic demand and inelastic supply and elastic supply, read and interpret supply and demand curves, tell how price floors and price ceilings are established and their effects on markets, explain how price acts as a market incentive, and explain market competition and its effects on demand, supply, and price.

  1. Quiz over demand
  2. PowerPoint notes/video-Supply
  3. Market Game Activity

 

Monday Jan. 29

LG: Students will use supply and demand curves to identify and explain the equilibrium price and quantity in a market.

  1. Quiz on Supply
  2. notes on Equilibrium
  3. Graphing activity
  4. PowerPoint notes/video- Market Structures   

Tuesday Jan. 30

LG: Explain how the Law of Demand, the Law of Supply, prices, and profits work to determine production and distribution in a market economy.

  1. Equilibrium Quiz
  2. Quiz Naked Economics Ch. 2
  3. Check Equilibrium Activity  

 

Wednesday Jan. 31

LG: Explain how the Law of Demand, the Law of Supply, prices, and profits work to determine production and distribution in a market economy.

  1. Check homework
  2. Milestones Fundamentals Quiz
  3. PowerPoint notes/video- Market Structures market structures-2my3i91

 

Thursday Feb. 1

LG: Explain market competition and its effects on demand, supply, and price, compare and contrast the advantages and disadvantages of sole proprietorship, partnerships, and corporations as forms of business organization, describe entrepreneurs and entrepreneurship in a market economy including the roles, significance, and effects, describe the characteristics of different market structures including monopolies, oligopolies, monopolistic competition, and pure (perfect competition).

  1. Quiz Market Structures
  2. PowerPoint notes/video- Business Organizations  Types of Business OrganizationRZ-1ipwye5
  3. Problem set

 

Friday Feb. 2

LG: Explain market competition and its effects on demand, supply, and price, compare and contrast the advantages and disadvantages of sole proprietorship, partnerships, and corporations as forms of business organization, describe entrepreneurs and entrepreneurship in a market economy including the roles, significance, and effects, describe the characteristics of different market structures including monopolies, oligopolies, monopolistic competition, and pure (perfect competition).

  1. Quiz Business Organizations
  2. Problem Set

 

Monday Feb. 5

LG: Demonstrate knowledge of Microeconomics.

  1. Milestone Micro Quiz
  2. Check Problem Set
  3. Work on Voc.

Tuesday  Feb. 6

LG: Demonstrate knowledge of Micro Economics.

  1. turn in vocabulary and problem set
  2. Unit 2 assessment

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